CHICAGO, May 5 (Xinhua) -- Ford Motor Company on Monday posted its first-quarter 2025 revenue at 40.7 billion U.S. dollars, topping estimates of 36.75 billion dollars but below the 42.8 billion dollars reported a year ago.
Meanwhile, Ford's adjusted earnings per share (EPS) came in at 0.14 dollars, better than the 0.04-dollar loss expected; and adjusted earnings before interest and taxes (EBIT) reached one billion dollars, higher than 308 million dollars expected.
Ford's net income in the first quarter was 471 million dollars; operating cash flow 3.7 billion dollars; and adjusted free cash flow was a use of 1.5 billion dollars.
At the end of the first quarter, Ford had 27 billion dollars in cash and 45 billion dollars in liquidity.
Ford attributed better-than-expected performance in the first quarter to improvements in cost and quality.
Nevertheless, Ford admitted in a statement on Monday that auto import and parts tariffs would have a "net adverse" impact of 1.5 billion dollars in adjusted EBIT for 2025, and it would withdraw its prior projection given the added risks.
"Given material near-term risks, especially the potential for industrywide supply chain disruption impacting production, the potential for future or increased tariffs in the U.S., changes in the implementation of tariffs including tariff offsets, retaliatory tariffs and other restrictions by other governments and the potential related market impacts, and finally policy uncertainties associated with tax and emissions policy, the company is suspending guidance," Ford said in the statement.
The U.S. automaker said it would provide an update on its guidance this summer during the second-quarter earnings report.
Ford reported sales growth in the first quarter as customers bought ahead of tariffs which became effective in April. Though overall sales fell 1.3 percent to 501,291 units, Ford retail sales jumped 5 percent in the first quarter, powered by its truck, SUV, and EV sales.
Ford's retail sales jumped 19 percent in April, as the automaker announced employee pricing to all Americans for most of its vehicles earlier in the month, which could mean a discount of as much as 4,000 dollars. The deal has been extended through July 4.
